ProFrac Holding (ProFrac Holding) Interest Expense : $-158 Mil (TTM As of Mar. 2024)

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What is ProFrac Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ProFrac Holding's interest expense for the three months ended in Mar. 2024 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-158 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ProFrac Holding's Operating Income for the three months ended in Mar. 2024 was $ 44 Mil. ProFrac Holding's Interest Expense for the three months ended in Mar. 2024 was $ -38 Mil. ProFrac Holding's Interest Coverage for the quarter that ended in Mar. 2024 was 1.18. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProFrac Holding Interest Expense Historical Data

The historical data trend for ProFrac Holding's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ProFrac Holding Interest Expense Chart

ProFrac Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-23.30

-25.80

-59.50

-154.90

ProFrac Holding Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-34.90	-41.00	-40.20	-38.80	-37.60

ProFrac Holding Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-158 Mil.

ProFrac Holding (NAS:ACDC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ProFrac Holding's Interest Expense for the three months ended in Mar. 2024 was $-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was $44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $975 Mil.

ProFrac Holding's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	44.2	/	-37.6
	=	1.18

The higher the ratio, the stronger the company's financial strength is.

ProFrac Holding (ProFrac Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProFrac Holding Corp (NAS:ACDC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Shops Boulevard, Suite 301, Willow Park, TX, USA, 76087

Website

https://www.profrac.com

ProFrac Holding Corp is engaged in providing hydraulic fracturing, completion services, and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. Its operations are primarily focused in West Texas, East Texas/Louisiana, South Texas, Oklahoma, Uinta, and Appalachian. The company operates in three segments: stimulation services, manufacturing, and proppant production. Stimulation services, which generate the majority of the revenue for the company operate a fleet of mobile hydraulic fracturing units and other auxiliary equipment that generates revenue by providing stimulation services.

Executives

Thrc Holdings, Lp	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Farris Wilks	director, 10 percent owner, other: Director by Deputization	17018 INTERSTATE 20, CISCO TX 76437
Heather N Klein	officer: Chief Administrative Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Robert J Willette	officer: Chief Legal Officer, Secretary	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew Wilks	director, officer: See Remarks	17010 IH-20, CISCO TX 76437
Johnathan Ladd Wilks	officer: Chief Executive Officer	17010 INTERSTATE 20, CISCO TX 76437
Phillip Blaine Wilbanks	officer: Chief Operating Officer	333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Matthew A Greenwood	officer: Chief Commercial Officer	C/O PROFRAC HOLDING CORP., 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087
Sergei Krylov	director	6500 WEST FREEWAY, SUITE 800, FORT WORTH TX 76116
Stacy Durbin Nieuwoudt	director	20475 SH 249, SUITE 300, HOUSTON TX 77070
Gerald W Haddock	director	C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057
Theresa Glebocki	director	C/O TROPICANA ENTERTAINMENT INC., 8345 W. SUNSET ROAD, SUITE 200, LAS VEGAS NV 89113
Jo Ann Wilks	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Farris & Jo Ann Wilks 2022 Family Trust	director, 10 percent owner, other: Director by Deputization	17018 IH-20, CISCO TX 76437
Randle James Coy Jr	officer: Chief Operating Officer	PO BOX 1966, PALESTINE TX 75802